2020 saw an extraordinary level of European Investment Bank (EIB) activity in Morocco, with €617 million (almost MAD 6.7 billion) in signatures – double the 2019 figure. The Bank took wide-ranging action under the Team Europe initiative to quickly provide urgent support to the
Kingdom of Morocco to combat the COVID-19 pandemic. It provided immediate funding and exceptionally accelerated disbursements for previously signed loans to help small and medium-sized enterprises (SMEs). The Bank s total disbursements in 2020 reached €516 million, three times more than in 2018. This acceleration made it possible to provide decisive support to project promoters facing liquidity constraints.
EIB financing in 2020 gave priority to strengthening the health system (€200 million), supporting agricultural SMEs (€200 million), strengthening the state-owned Caisse Central de Garantie (CCG) to provide liquidity to the entire private sector (€150 million), and supporting the automoti